منابع مشابه
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Leaning against the wind”(of asset prices and credit booms) (LAW), that is, a somewhat tighter monetary policy and a higher policy interest rate, has costs in terms of a weaker economy with higher unemployment and lower inflation. It has been justified by possible benefits in terms of a lower probability and severity of a future financial crisis. A worse macro outcome in the near future is then...
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ژورنال
عنوان ژورنال: IMF Working Papers
سال: 2020
ISSN: 1018-5941
DOI: 10.5089/9781513549651.001